iHeartMedia

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Multiplatform Group, Digital Audio Group, and Audio and Media Services Group. The Multiplatform Group segment consists of Broadcast radio, Networks and Sponsorships and Events businesses. The Digital Audio Group segment focuses on the Digital businesses, including Podcasts. The Audio and Media Services segment includes Katz Media Group (“Katz Media”), the company's full-service media representation business, and RCSSound Software (RCS), a provider of scheduling and broadcast software and services. The company was founded by L. Lowry Mays and B. J. McCombs in May 2007 and is headquartered in San Antonio, TX.

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iHeartMedia achieves record Q4 earnings, eyes digital growth amid challenges

iHeartMedia's Q4 2022 earnings call showcased exceptional financial performance, operational efficiency gains, and strategic initiatives positioning the company for long-term success. While facing near-term revenue challenges and margin pressures from low-margin businesses, iHeartMedia remains focused on growth opportunities in digital audio and broadcast radio.

iHeartMedia surpasses Q1 expectations, eyes podcasting growth and efficiency

iHeartMedia's Q1 performance exceeded expectations, with strengths in podcasting and market positioning offsetting challenges in the Multiplatform Group.
The company's focus on revenue growth, cost management, and technology investments align with opportunities in podcasting, marketplaces, and operational efficiency.
While facing revenue declines and cash flow challenges, iHeartMedia remains optimistic about future performance, driven by podcasting, streaming, and AI initiatives.
Management's emphasis on financial discipline, margin improvements, and efficiency enhancements underpin iHeartMedia's strategy for sustained growth and market leadership.

iHeartMedia reports solid Q2 performance, eyes strong Q4 recovery

iHeartMedia delivered a solid Q2 performance meeting adjusted EBITDA guidance and generating positive free cash flow. The company faces challenges with revenue declines and a significant impairment charge but anticipates a strong Q4 recovery.
Strengths lie in financial discipline, strategic marketing prowess, and effective consumer engagement strategies. Opportunities include leveraging digital channels, enhancing data capabilities, and capitalizing on podcasting's engagement potential.
Navigating challenges while capitalizing on opportunities will be key for iHeartMedia's growth and resilience. The company's strategic foresight and market understanding position it well for the future despite short-term hurdles.
Investments in data capabilities, digital channels, and maintaining positive free cash flow will be crucial for iHeartMedia's success amidst evolving market dynamics and competition.

iHeartMedia surpasses Q3 expectations with strong podcasting and digital growth

iHeartMedia's Q3 performance exceeded expectations, driven by strong podcast and digital revenue growth.
While facing challenges in Q4, the company remains confident in its growth trajectory for 2024.
Strategic focus on podcasting, AI, and event monetization positions iHeartMedia for continued success.
Efforts to optimize costs and diversify revenue streams are key priorities for sustained growth.

iHeartMedia reports strong Q4 results, eyes growth in digital audio

iHeartMedia's Q4 performance was solid, with a focus on digital growth and profitability enhancements.
While facing challenges in certain segments, the company is strategically positioned to capitalize on opportunities in broadcast radio and podcasting.
Investors can look forward to a recovery year in 2024, marked by growth initiatives and improved financial performance.

iHeartMedia meets Q1 targets, eyes podcast growth for future success

iHeartMedia's Q1 performance aligned with expectations, with a focus on podcasting growth.
While facing revenue challenges in some segments, the company maintains financial stability.
Opportunities lie in leveraging podcasting momentum and enhancing revenue diversification.
Strategic cost management and digital innovation are key for sustained growth and profitability.

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NEW YORK--(BUSINESS WIRE)--The Empire State Building (ESB) and iHeartMedia announced today that it will host the “iHeartRadio Album Release Party with P!NK” and a music-to-light spectacular at the “World's Most Famous Building” to celebrate the singer's new album TRUSTFALL on Feb. 17.

The Empire State Building and iHeartMedia Host “iHeartRadio Album Release Party with P!NK” with Observatory Visit, Music-to-Light Spectacular, and Special Fan Event

NEW YORK--( BUSINESS WIRE )--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Tuesday February 28th, 2023, it will issue financial results for the quarter and year ending December 31, 2022. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement to discuss its financial results and business outlook.

iHeartMedia, Inc. to Report Quarterly and Annual Financial Results on February 28, 2023

LOS ANGELES--( BUSINESS WIRE )--UNest, a leading fintech company that makes it easier than ever for parents to invest in their kids' future, today announced a partnership with America's leading audio company iHeartMedia. UNest will leverage iHeartMedia's multiplatform capabilities and national reach to empower parents wanting to help their children with a strong financial head start and road map for the future.

UNest Partners with iHeartMedia on National Media Campaign

IHRT stock is down 70% over one year, but it doesn't make this a cheap stock. A combination of radio ad revenue decline and operating leverage will pressure the EBITDA.

iHeartMedia: The Stock Is Not Cheap And Waiting For A Better Entry Point For The Secured Bonds

IHRT is a deleveraging story that we think could hit an inflection point in the next 12-24 months. Management's decision to focus on repurchasing the unsecured debt increases FCF now and provides flexibility, and potentially lower interest rates, moving forward.

iHeartMedia: Deleveraging Story Underway

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DENVER--( BUSINESS WIRE )--Native Voice, an on-demand voice assistant library that enables users to communicate directly by voice with their favorite brands, announced today a product collaboration with iHeartMedia to offer direct access to the nation's largest library of live and on-demand music, radio and podcast content via voice. Early next year, anyone with a Skull-iQ enabled Skullcandy device (Grind, Grind Fuel, Push Active) can simply say “Hey iHeart” for immediate, hands-free access to iHeartRadio's expansive world of content without having to download the iHeart app.

Native Voice and iHeartMedia Announce Hands-Free Access to Expansive Audio Content

NEW YORK, Dec. 19, 2022 /PRNewswire/ -- The Empire State Building (ESB), in partnership with iHeartMedia New York, announced today that it will premiere its annual holiday music-to-light spectacular set to music from the Backstreet Boys' new Christmas album, "A Very Backstreet Christmas." Once again, the light show will debut on Dec. 19 and run nightly through Dec. 25, timed to a 7 p.m.

Empire State Building Announces Special Holiday Music-to-Light Show and Lighting Ceremony with the Backstreet Boys, in Partnership with iHeartMedia

THE BRAND'S SPRING 2023 COLLECTION INITIATIVES WILL BLEND  THE VIRTUAL + PHYSICAL WORLD LOS ANGELES , Dec. 19, 2022 /PRNewswire/ -- NYX Professional Makeup announces their latest entertainment venture into the metaverse; the brand's highly anticipated Spring 2023 Drop collection will be available to experience virtually in iHeartLand on Roblox. NYX Professional Makeup is one of the leading beauty brands activating in the metaverse, focusing on experiences that are changing the way consumers interact with NYX Professional Makeup offerings, while also empowering creators and celebrating self-expression.

NYX PROFESSIONAL MAKEUP LAUNCHES LATEST EXPANSION INTO THE METAVERSE WITH 'HOUSE OF NYX PROFESSIONAL MAKEUP' IN IHEARTLAND ON ROBLOX

NEW YORK--( BUSINESS WIRE )--iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, today announced the return of 2023 iHeartPodcast Awards and nominees across all 29 categories. The awards, which will honor the very best in podcasting throughout 2022 and celebrate the most innovative talent and content creators in the industry, will video stream on Tuesday, March 14 at 9 p.m. ET/6 p.m. PT on iHeartRadio's YouTube Channel and Facebook Page, as well as broadcast on select iHeartMedia radio stations across the country and everywhere listeners are via the iHeartRadio app. The show will also be available on demand following the initial stream.

iHeartMedia Announces Nominees for the 2023 iHeartPodcast Awards Streaming March 14 at 9 P.M. ET/6 P.M. PT

Alphabet

The Federal Trade Commission this week announced that it has settled lawsuits against Google and iHeartMedia relating to “deceptive endorsements” of the Pixel 4 phone. According to a statement issued by the FTC, nearly 29,000 ads were aired featuring radio personalities.

Google/iHeartMedia will pay $9.4M to settle FTC charges for ‘deceptive' Pixel 4 radio ads

The Federal Trade Commission and a handful of states announced settlements Monday with Google and iHeartMedia related to misleading radio advertisements about a Google cellphone.

States settle with Google, iHeartMedia over misleading ads

Google and iHeartMedia will pay millions as they settle with the FTC and a handful of states in connection to ads for the tech giant's Pixel 4 smartphone.

Google, iHeartMedia to pay millions amid settlement with FTC over Pixel 4 ads

SACRAMENTO, Calif. — The Federal Trade Commission and a handful of states announced settlements Monday with Google and iHeartMedia related to misleading radio advertisements about a Google cellphone.

FTC, 7 states settle with Google and iHeartMedia over misleading ads

The U.S. Federal Trade Commission and seven U.S. states sued Alphabet Inc's Google and iHeartMedia Inc on Monday over alleged deceptive ads promoting Google's Pixel 4 smartphone in 2019 and 2020, the FTC said.

U.S. FTC sues Google, iHeartMedia for alleged deceptive ads promoting Pixel 4

LOS ANGELES--( BUSINESS WIRE )--For the seventh consecutive year, iHeartMedia Los Angeles' KOST 103.5 will join Children's Hospital Los Angeles on Giving Tuesday, Nov. 29, for its Season of Giving fundraising campaign. Giving Tuesday, the international day of charitable giving that takes place on the first Tuesday after Thanksgiving, kicks off CHLA's Season of Giving campaign, which runs through the end of the year and appeals to the community to donate funds that will directly support the pediatric medical care the hospital provides.

iHeartMedia Los Angeles' KOST 103.5 and Children's Hospital Los Angeles to Launch Seventh Annual Season of Giving Fundraising Campaign on Tuesday, Nov 29

Series pairs Advertising Luminaries with Rising Stars  in Conversations about Issues of Interest to the Industry,  Now and in the Future Antonio Lucio, Bozoma Saint John, Daisy Expósito-Ulla, Deborah Wahl, Louis Carr, Michael Kassan, Renetta McCann and Wenda Harris Millard Among the List of Headliners WASHINGTON , Nov. 16, 2022 /PRNewswire/ -- The American Advertising Federation (AAF), the "unifying voice for advertising," announced today the launch of a new podcast series – "Future Legends of Advertising" – co-produced by iHeartMedia and Known. The podcast is being launched on the occasion of the 30th anniversary of the AAF Advertising Hall of Achievement (AHOA) and will pair advertising luminaries with this year's AHOA inductees in an eight-part series that will explore issues of interest to the industry.

THE AMERICAN ADVERTISING FEDERATION (AAF), TOGETHER WITH IHEARTMEDIA AND KNOWN, LAUNCH NEW PODCAST SERIES, "FUTURE LEGENDS OF ADVERTISING"

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GTN vs. IHRT: Which Stock Is the Better Value Option?

iHeartMedia, Inc. (NASDAQ:IHRT ) Q3 2022 Results Conference Call November 3, 2022 4:30 PM ET Company Participants Mike McGuinness - Deputy CFO and Head IR Bob Pittman - Chairman and CEO Rich Bressler - President, COO and CFO Conference Call Participants Steven Cahall - Wells Fargo Dan Day - B. Riley Securities Jim Goss - Barrington Research Operator Good afternoon.

iHeartMedia, Inc. (IHRT) Q3 2022 Earnings Call Transcript

iHeartMedia (IHRT) delivered earnings and revenue surprises of 0% and 0.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

IHeartMedia (IHRT) Matches Q3 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2022.

iHeartMedia, Inc. Reports Results for 2022 Third Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday November 3rd, 2022, it will issue financial results for the quarter ending September 30, 2022.

iHeartMedia, Inc. to Report Quarterly Financial Results on November 3, 2022

iHeartMedia stock has sold down from $28 in late 2020 to under $7 over the summer. The company has the best podcast publishing footprint in the world and has transitioned from just 12% of revenue from digital to 26% in just two years.

iHeartMedia: It's Looking Interesting Again

NEW YORK--(BUSINESS WIRE)--The National Football League and iHeartMedia today announce the NFL Podcast Network's fall programming lineup.

News for iHeartMedia Stock (IHRT)